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Obama Fail-to-Make-More-Jobs Scheme #632 February 23, 2012

Posted by geoff in News.

The President has a brilliant new plan to stimulate the economy:

The BioPreferred program — … — is intended to increase Federal procurement of biobased products to promote rural economic development, create new jobs, and provide new markets for farm commodities.

It’s part of his laser-like focus on jobs. In case you’re not quite getting it, here’s a paragraph a little later in his memo:

Biobased products are creating jobs across America. These innovative products are creating new markets for agriculture and expanding opportunities in rural America. Therefore, I direct the Secretary of Agriculture to prepare a report on job creation and the economic impact associated with the biobased product industry

Got it now, mouthbreather? The point of using taxpayer money to buy more biobased products is to create jobs, darn it!! What, you thought that creating jobs by spending taxpayer money just increases dependency on government? And that by processing the money through the government, you’re bound to get less bang for your buck?

Shut up, he explained.

But honestly this is business as usual for this administration – I wouldn’t even bring it up if it weren’t even more stupid than you think. Here’s exactly how stupid it is:

Yes, he’s planning on replacing products in the chemical and plastics industries with products made by the biobased products industry. I’ll point out the obvious: jobs created as a result of these purchases will be offset directly by jobs lost in the traditional industries.

Then, of course, there’s the magnitude of the impact. You can see that the biobased industry is dwarfed by the industries it’s seeking to replace, so even assuming the best-case scenario where the 50% increase in federal purchases will result in a 50% increase in jobs, the President is creating a paltry number of positions.

But that’s been the hallmark of the Obama administration: lots of fanfare and grandiose claims; ridiculous implementation and no results.

[Sources for job numbers: Chemical/Plastics Industry Jobs; Biobased Industry Jobs.]

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